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that it was revealed, the obama administration's nsa spy program is far more invasive than originally suspected. new polling data has emerged indicating this unprecedented invasion of privacy is taking a major toll on the president's popularity. >>> hi, everybody, i'm monica crowley in tonight for shaun. we'll have much more on the brand new approval numbers from karl rove. first, let's take a look at the explosive revelations at the white house. the national security agency's security network has the ability to spy on 75% of all u.s. internet traffic. in addition, quote, it retains the written consent of the e-mails sent between citizens within the u.s. and also filters domestic phone calls made with internet technology, but that's not all. according to newly declassified documents, the nsa was rebuked in 2011 by a secret court for collecting thousands of e-mails from americans. the agency admits those e-mails had absolutely no connection whatsoever to terrorism. here's why the story is so critically important. number one, nsa officials admitted to the journal that the systems' reach is so broad do
head-to-head over an obama care poll that will leave you absolutely stunned. wait until you hear what 92% of federal government employees had to say about the president's health care overhaul. by the way, they don't want it. >>> and later, it's come to this. the naacp is actually calling for the secret service and the obama justice department to investigate this rodeo clown. is that how you want your tax dollars spent? we have a heated "hannity" debate. it's still ahead. you get to select today's video of the day. option number one is the second and third installments of the rnc's viral video assault on hillary clinton. >> the investment firm seeking those investor visas is run by mrs. clinton's brother anthony rodham. >> you right now, 7 years of music is being streamed. a quarter million tweeters are tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonshot. it
increases even before there was such a thing as obama care. if you look at the specific fees cited by u.p.s. as a reason for dropping them they are a pittance compared to what the rise in health care has been. it raises the question to me just because the possibility, because they are saying it's because obama care, maybe it's an opportunity for the company to save some money and pin it on something controversial. >> we should consider that this sort of thing should have been anticipated and very easy to blame the companies but in fact the policy may be flawed. a lot of companies, large franchise companies saying that their franchisees will most likely once obama care kicks in reduce flows fewer hours because of the health care costs. you would think when they were planning -- when they were planning for this they would have anticipated these sorts of things. there's this poll in july that the "wall street journal" did, the commission showed 47% of the american people is against obama care at this point. support for obama care is down to 34%. then these stories come out. you get the sen
. it is a folly built on a fantasy that doing this is going to get the approval of the senate and barack obama. it is never going to happen. so you are going to shut down the government for no reason. yesterday mitt romney weighed in on it. >> the former presidential candidate told a group of donors that the plan led by conservatives would hurt national security. that doesn't make it easy for some republican lawmakers like north carolina congressman. >> this is what the tea party wants to know. will you vote with mike lee to defund obama care? yes or no? i want yes or no. no. >> we need to show the american people we stand for conservative values. >> this guy has probably voted to get rid of obama care 20 times. i mean, they take the vote every week. >> 40 times. >> they voted 40 times. so you now have this happening all over america. i said it the other day. i know there are stupid people on the internet and they have to do something. >> they don't like your pants. >> they are wandering the streets, going to get hit by cars or in mama's basement. rather than be in mama's basement writing stup
majority of them are part-time. can we take the war on success. avalanche of new regulations and obama care. more young americans are living at home. are you ready for the new normal under the obama administration? "varney & company" is about to begin. you know throughout history, folks have suffered from frequent heartburn. but getting heartburn and then treating day after day is a thing of the past. block the acid with prilosec otc, and don't get heartburn in the first plac [ male announcer ] one pill each morning. 24 hours. zero heartburn. >> we've got a terrorist threat update. at least 19 embassies and consulates will remain closed through saturday and that's due to what the state department calls significant and detailed ip tell against of possible terror attacks. and so far clues are pointing to al qaeda. congress is tooting its own horn for passing a bill that will cut the student loans and get this, the low rate only applies to students borrowing 5,500. or borrowing at 6.4%. and the estimates that the government will generate 51 billion in revenues and these are profits from stude
, repeat, decline in median income in the obama years. averaging income down even more, and there's more on that. two big-name employers cut health care coverage because of obamacare. do you remember that promise, you could keep the coverage you like, not happening. today, the president starts a bus tour, speaking to friendly college audiences. he'll push a free ride for college students, funded in part by taxpayers. that is the theme of the show today. the middle class, struggling big time and getting more of the same from the president. "varney & company" about to begin. ♪ make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you start using active trader pro today. >> 11:15 eastern this morning. mark that time. president obama will make his pitch to the middle class. his bus tour of college campuses in new york and pennsylvania will start today. here is the talking points. more of the same. tax and spend policies, but here is the reality. since the president took office, unemploy
swept up by the nsa in deciding who to pick and choose president obama has quarterbacked the most massive run around the constitution at the federal level. he is trying to take credit for it and is obviously unconcerned with the violation of our civil liberties would just keep coming. it admits giving secrets from the nsa, they admitted that this morning. in response to a query from fox news. neil: judge, thank you so much. a deadly silence today. is this high-tech millionaire already making history? arth's f? hello. mother. mother! traveling is easy with the venture card because you can fly any airline anytime. two words. double miles! this guy can act. wanna play dodge rock? oh, you ys! a with double miles you can actuay use, you never miss the fun. beardrowing contest and go! ♪ win! what's in your wallet? win! a quarter llioion tweeters is beare tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonst. and it's giving the internet the room it n
headline, the committee uses government numbers to show part-time work dominates the obama economy. the household survey says, seven of eight jobs created are part-time. opposite is president obama who will speak on the success of his economic policies. and speaking in phoenix where home prices have risen sharply and his support for home buying. and jeff bezos, stepping forward as the top ceo. the question, is he the next steve jobs? "varney & company" is about to begin. >> president obama in phoenix today. is going to take a victory lap on the country's real estate recovery, but he wants more. here is his plan. help families save up to 3000 a year by refinancing. cut red tape so responsible buyers can get a mortgage. wind down fannie and freddie and the housing recovery. this fits president obama's theme, i am helping the middle class, it's the republicans' faulty can't do more. however, the president is struggling with that message. i've got one negative item on the economy this morning, actually several, but here is the big one. part-time workers dominate the jobs scene. new nu
. trying to thread the needle, here is what president obama said? >> it's entirely consistent to say that this tightly organized and relatively centralized al qaeda that attacked us on 9/11 has been broken apart. and is very weak and does not have a lot of operational capacity. and to say we still have these oorge regional organizations like aqap, they can pose a threat. >> aqap of course is al qaeda in. during the last presidential campaign he saw political advantage in telling america that the terror threat had been mittgated and now that he is responsible for protecting the country he admits it has not. >> as though the americans care about the organizational structure of al qaeda, what they care about is whether al qaeda can still kill americans. >> who is ho is there cte? >> the hierarchy of the chain of command is not that interesting to average measures. they want to know if we are still threatened by them and it sounds like of course we are. >> here is some hard facts for you much the state department released some numbers a few weeks ago that showed that al qaeda and the ara
in a meeting with president obama talking about the nsa and your privacy. and harkening back to a time when this dude, kevin costner, was starring in "the untouchables." and who wants these guys, blackberry wants to go private may be. the idea is catching fire. the matter of who wants to put the money down on this troubled cell phone company. and a quick fix for unemployment, energy, people. how we can get americans back to work and solve the energy problems in one swoop. that and so much more on this hour of "markets now." ♪ dagen: so i did not fall and bust my you know what trying to sit down at the top of every show, so it has been a good week. let's start this hour with market stocks on track for another losing day. snapping the three-day winning streak yesterday, but heading south. nicole petallides at the new york stock exchange. nicole: it has been a good week. i will celebrate with you. a successful week. i look at what we see on wall street down half of 1%. 15,422. a loss of about 82 points. we did snap the losing streak since yesterday. however still remains a losing week on wal
for a crews missile strike. president obama is down playing intervention without a mandated from the u.n. mystery soft. we now know where samantha power was when there was an emergency u.n. meeting. she was on a personal trip to ireland. power missing that meeting just 19 days after she assumed the post. also new this morning, grammy winning singer linda ryanstat is revealing she has been dealing with parkinson's disease ♪ always breaks my hart in two. >> recent interview with the arp the 67-year-old music legend says she was diagnosed 8 months ago has been experiencing symptoms for as long as 8 years. ron stat says that the neurological disorder has left her unable to sing and she must now travel using a wheelchair. army major nidal hasan found guilty on all counts in the fort hood shooting rampage. he sat stone faced as that verdict was read. sentencing will begin on monday. hasan faces the death penalty for killing 13 people and injuring 30 others when he opened fire nearly 30 years ago. all 14 jurors must vote for execution or he will get life in prison. if you write a letter to
will do but because he embraced obama had his state was in turmoil, he is apparently not a good guy. neil: they claim you were there guy, you got to washington, you know, you are all about getting things done, i can understand the frustration, saying that you are not parroting every one of our causes, you are almost dammed if you do, dammed if you don't. >> that is okay, i'm an american first, so is chris christie and rand fall and others, we're different people, and -- >> i think it will is bigger than that. have you a better read you are closer to the fire. but it seems when the nastiness is out in particular with chris christie and paul, that is not dying down. >> to have someone like me talking about unifying the country, putting our country first not our political personal interests, we'll see if that resonates with people, there is a void with extremes on the left and the right. neil: where do you feel it? would a president brown, be against providing more aid to egypt. >> i would look at all of the aid we're providing every country, do that top to bottom review, in my estimation th
from it let's also not forget 7 years ago, this is the guy who said, that barack obama was notable because he was the rare african-american politicians who did not speak in harry reid's words, yet on yet on quote, unquote, negroro i did l. negro di dialect. neil: i forgot about that. >> 50% of the country does not approve to the job that barack obama is doing, if you go to those americans that represent every strand of the spectrum from conservative democrats who look at obam obamacare and realg it is not doing anything it promised to do, doing many things it promised it would not do, to younger americans who are trying to find a job. to all kinds of americans who don't see this administration keeping its promises in issue after issue. if you ask that 50% of americans, do you think you are racist for not approvining of te job that the president is doing? they don't buy this harry reid says these things to put republicans on the defensive, and says these things to make republicans have to get defensive about these is not trying to persuade a single human being. neil: should he be wo
constituencies are even worse when president obama won this sweeping electoral college victory in 2012. other republicans look at this map and say look at all this red in america, we kept our majority in the house, we have 30 governorships. some republicans argue it's not because the nominee was too conservative, they argue the nominee made the mistake of moving to the center. that's the debate in the party now. we do know in 2012 we know from the election the reason the president was able to win and win so convincingly, look at this. republicans lost the latino vote by 44 votes in 2012, lost the women vote by 11 points, lost the younger votes by 23 points. now there's new evidence among another key constituency the republicans are suffering. this is from polling from stan greenberg, a democrat but republicans don't dispute the elections. that group now over 65, their favorable opinion of the republicans party is only 28%, down 15 points from just a couple years ago. ask the elderly how are you going to vote in 2014, 46% say they'll vote republican. the republicans in 2010 had a 21-point adva
, at the center of the housing bust but wiped out $7 trillion in homeowner equity. mr. obama have another plan to stabilize and boost the housing market. lori: newspapers, a new status symbol for billion is looking to flaunt their wealth. amazon's jeff bezos be with the washington post. dennis: the fight with george soros and carl icahn ran the. charlie gasparino as the long and short. time for stocks as we do every 15 minutes left head to the floor of the stock exchange, adam shapiro, stocks down. adam: not as bad as they were earlier. we are off of session lows and may go above 1700. one of the reasons the dow is down 82 points is ibm pulling but dow down and ibm is down 2.2% accounting for 34 points of of the dow but not only the biggest loser on the dow, they got a downgrade which says their stock price could go as low as $175 a year -- a share, a big fall down is ibm and one issue is people don't want their mainframes as much as they used to. lori: the windy city has one of the most poorly funded pension systems in the country, 50% underfunded. no solutions so far. could be the next major
morning. >> reporter: the obama administration not only strongly condemning the violence but calling for restraint and calling for the interim government to respect the rights of the people there. josh earnest saying that the u.s. will continue to hold the egyptian government accountable for the promise they made to speed up the transition to a democratical democratically elected government. but what's missing in all of this is what then? we do know there have been a lot of conversations between u.s. egyptian officials. but still more than a billion dollars in aid continues to flow from the united states to egypt. the white house saying that that aid is under review. one other point is that the white house still will not call what happened in egypt a cue. officials saying it's been determined that it's not in the best interest of united states to do so. a lot of tough talk from the obama administration, but no concrete steps on what will happen next. in the meantime, the president continues on his vacation here on martha's vineyard. no word on whether we'll hear from him in the comin
to defund obama care. so ted cruz, he's a player. >> just ask him. >> no. listen, he's going to iowa and people are going -- >> people like him. people are excited about him. >> why? >> i think he taps into -- >> because he's a cade nade yan. >> the sinking sarah palin base, people that were excited about sarah palin, have now transferred to ted cruz. >> and michele bachmann. >> so that is a vibrant part of the republican party, love them or hate them, they look every two to four years for someone that will champion their animosity towards the large federal bureaucracy. >> it's resentment. >> animosity. >> resentment. but it's the sarah palin supporters, the herman cain supporters in a sense the donald trump supporters. you line them all up and that's -- and we have people going out there -- who knows. maybe cruz is going towards 2016 more powerful because instead of tripping over, you know, sarah palin and herman cain and michele bachmann and all these other people, maybe he has that space all to himself. >> but what -- >> and then there's rand paul the libertarian. >> which is so m
, this is obama presidency, second term legacy building. this is a chance for the attorney general, eric holder, who is probably leaving office in the next few months and for the president to do something i think they want to be remembered for. this is something the president and the attorney general apparently have been talking about for several years. so you see i think an effort here on the part of the attorney general eric holder to leave office perhaps with something other than fast and furious to be remembered by. >> it's a huge deal. i was a little surprised that eric holder made the announcement instead of the president of the united states. you've covered the justice department and you're new to cnn, you use to work at the wall street journal. were you a little surprised the president let eric holder do this as opposed to the president making the announcement? >> i think it's one of those things that the president of the white house wanted to make sure the attorney general gets some kind of press conference, something he can be remembered for other than. so scandals. >> excellent point
speeches in front of friendly audiences. mr. obama claims middle class progress. but the facts contradict the claims, on income, jobs, on health care costs. the middle class is losing ground and the pace of decline is speeding up. we have a full report. and on obamacare, the list of local governments switching to part-time workers is growing. and there are 38 days till those chaotic insurance exchanges. what on earth is going on at the nasdaq stock exchange. was the three-hour freeze just another computer glitch? steve ballmer out at microsoft and the stock takes off. ooh. "varney & company" is about to begin. you know throughout history, folks have suffered from frequent heartburn. butetting heartburn and then treating day after day is a thing of the past. block the acid with prilosec otc, and don't get heartburn in the first place. [ male announcer ] one pill each morning 24 hours. zero heartburn. >> friday morning and breaking news for you, just crossing the wire. microsoft's chief steve ballmer will retire in the next few months until a successor is named. the stock is straight up. a
days that country has seen in years. president obama calling for calm. trending downward, not just the market, but the president's approval rating on the economy flipping to 35% last month. seven percentage points lower than june. detroit emergency manager apologizing after calling some of the city residents those names. and the nfl hit with another concussion lawsuit. 83 former players led by pro-bowlers. they say they are suffering long-term effects from brain injuries sustained during their playing days. and we're watching the market this hour of "markets now." ♪ connell: those headlines show you there is a lot going on-9 today. we will get to the mess in egypt in just a moment, but first, our market today with the selloff, seeing the biggest decline in a couple of months. nicole petallides starts us off on the floor of the new york stock exchange. nicole: you are absolutely right. the lowest point, the biggest move to the downside since june 20. down about 1.5% right now. back on june 20 the dow dropped over 2%, this is the biggest moving percentage terms since that time. yo
contributor. what do you make of this? >> president obama was running a company, a business that provided goods and services he would be sued for false advertising because he has misled the american people. connell: people will be covered elsewhere. >> the other point is you can keep your current insurance. that is the thing. we are talking 15,000 spouses, family members who have to seek health insurance elsewhere so obama sold the affordable care act on the fact that it will be cheaper and you can keep your insurance when in fact americans have been misled. connell: people were expecting to keep their own insurance and in this case spouses who have jobs themselves need to go to another potentially another insurance company and go through there a player. would you think of it? >> the reporting on this is ups repeatedly cited obamacare as the reason for this but it is not clear why obamacare would have caused this especially because they said it is only for spouses who condemn their coverage elsewhere which means if they have a job where they have coverage under their employer that they ca
are some examples of things that the president has done. we will start with obama irca. you know, he has made some of these mandates delayed because they didn't think that they could work out the kinks in time for october 1st. so, without the authorization of congress, he has done many of these things that we'll outline for you. >> so he has changed the healthcare law without congressional approval, that is, of course, suspending the penalties for corporations that don't play along. he has ordered new cell phone taxes to pay for pet program installing wi-fi in schools. >> he is overruling congress on the drug war sentencing. we heard from attorney general eric holder on that. so changing the sentencing for the amount of drugs seized during operations. those go against laws that are already on the books. >> alisyn: then you know he did the dream act where he basically gave amnesty to young, illegal immigrants who were brought here through no fault of their own before that they were 18 years old, so he did that through the dream act. you any, lots of people are saying he is doing an end ru
obama getting back to business. meeting with financial regulators about implementing dodd-frank peter barnes has the very latest. peter: that is just one of the latest things he has on his plate. very busy with things like egypt and syria. the president would like to keep the focus on jobs and the economy. foreign-policy issues may not let him do that. he goes on a two were later this week. congress is out on its regular august recess. he has a megaphone right now and he needs to use it while he can. >> every president in their second term, lame ducks get closer every day. the president is walking a fine line of where he is in that timeline. peter: the end of the fiscal year is september 30. they have not worked out a deal to fund the government. they are looking at a continuing resolution of some kind that will buy more time. the debt ceiling is likely to be hit around october and november. have been reporting on this. he is looking at larry summers, his former economic advisor, as well as janet yellen. lori: funny you mention that. thank you, sir. charlie gasparino will join us to t
these stories come in and even though i feel like i attention, 3.8%. >> the obama administration and congress when the past obama care tended not to highlight the tax increases that the 4 obama care. and capital gains which is at 15%, obama moved it up to 20%. and 3.8%, and 24%, back to where it was before reagan came into office. and on capital gains taxes, and they were in dividends. 39.5%. and it was a tremendous assets, through dividends. and to 23.8%. than other investment income in chapter s corporations and other investments like that, 43.4%, 3.8. connell: in some ways. but probably in fairness to all of us, the so-called taxing the rich is what they were talking about during the debate. >> you make more than 200,000 you will be hit by this. connell: when they presented it there will be small tax increases to the, quote, rich and this is what it means. what the fact economically? >> anytime you tax you get additional incentive, lots of different things, it will reduce the amount of investment income people have. if you are investing getting capital gains and dividends and the governmen
of some u.s. embassies amid what the obama administration calls serious and credible threats by al qaeda. diplomatic facilities will remain closed in many of the countries you see right there throughout the middle east and africa until at least august 10th. >>> the global travel alert coming at the same time as a global travel conference is taking place in san diego. jane wells is there live. jane, how is the global industry taking all this in? >> well, they are sort of processing it today, this is the global business travel association meeting, 400 companies and 7,000 people, all of whom are getting used to traveling in a more dangerous world. >> business travelers have become much more accustomed to it, and in a global economy you know that you do have a higher risk profile than maybe in years past, but it's a fact of life, and we all deal with it. >> so he says companies are detailing products which help you track and redirect traveling employees to safety concur which manages travel bookings and expenses for companies and report a 23% revenue growth last week. it's introducing a new
question about obama's policy, reagan rolled back government. he cut back taxes. all obama has the exact opposite. you have to do the exact opposite of what obama has done. connell: listen to monica crowley on some stations. charles payne is coming up. he will talk to you about harley-davidson. why haven't we done something about this? workers are getting ready to walk off the job. first, we mentioned oil a second ago. we will be right back on markets now. ♪ [ male announcer ] at his current pace, bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on hisortfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritrade. it's just common sense. a quarter million tweeters is beare tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less.
obama is set to announce new measures and efforts to restore the public's trust in government surveillance programs coming on the heels of the closed-door meeting on privacy at the white house. president obama met with tim cook, stevenson and a host of other tech industry executives to talk spying, privacy and security in an effort to find a balance between the three. full detail expected at the news conference today and fox business will have live coverage of the event beginning at 3:00 p.m. eastern. adam: oil snapped a losing streak surgeon about $105 per barrel on bullish economic reports out of china. phil flynn is in the trading pits of the cme. don't you take a real risk in believing the economic numbers out of china? >> you do, changes from week to week. everybody was writing china off. they were selling oil on bad economic data. all the sudden china cannot get enough. yesterday china imported more oil than they ever have before. oil actually went down. today strong manufacturing data out of china reuniting the bulls. we will have to rebuild them, they will go up. stron
. and precious metals, a lot of gold and silver, but we can't forget about obama care, now we know how much it will cost taxpayers for the so-called navigators who will help to fill out. and from wall street to washington, and "varney & company" is all over it next. s to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth why settle for less? ahh, oh! [ garth ] great businesses deserve limited reward he's your wake up call. [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose double miles or 2% cash back onvery purchase every day. what's in your wallet? [ crows ] now where's the snooze button? folks have suffered from frequent heartburn. butetting heartburn and then treating day after day is a thing of the past. block the acid with prilosec otc, and don't get heartburn in the first place. [ male announcer ] one pill each morning 24 hours. zero heartburn. >> the latest out of egypt. at least 638 people are dead. more than 4,000 have been in
election. yeah, the vice president, biden, the president obama out there talking about how, you know, we're welcome there. we got him on the run, you know, close to victory. just stop it. there's no need for any u.s. leader to talk about that because it's not going to happen. this is not a zero-sum game or al-qaeda we're concerned about, but radical is line up, jihadists, however you refer to it, it's not going away. it's no good to stand there and crow about it. dagen: good to see you, safe travels, good to see you, be well. >> thank you. dagen: paying a quarter million dollars for the washington post, and that's just walking around money for a billionaire like bezos worth $26 billion or so, but it's good news for the stock. what about the future of the company? dennis is here to tell you. hey, dennis. the post stock up 6% right now, up 4.5% or so when i checked minutes ago, and think how sad that is. the washington post talk is popping because of getting rid of the name sake newspaper. watergate, one the newspapers owned for 80 years, so is bezos buying for the bottom line or financial
as great as it cleaned. that's why when it comes to clean, there's only one mr. >>> president obama canceled a face-to-face meeting with russian president vladimir putin over putin's position to grant asylum to nsa leaker edward snowden. my next guest said it's the right direction but can't undo five years the president spent remaking the image into one perceived around the globe as weak. fox news contributor linda chavez. thanks for joining us this morning. >> great to be with you. >> i think a lot of people voted for president obama in 2008 the first time with the sincere expectation his election would make america more popular around the globe. that hasn't happened. why? >> it hasn't happened. the president said he was going to remake america's image in the world. i think a lot of people thought because he did have a charismatic personality, certainly the president himself believes himself to be charismatic, he was going to be able to win more friends for america, that america would suddenly be beloved by all. what the president seems not to understand, what is most important in
over whether the u.s. keeps sending financial aid to that country and president obama giving no clear guidance either way and here is your monday morning obamacare headline. you know the navigators, costs 67 million to hire. they won't have to go through background checks. "varney & company" is about to begin. ♪ make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you start using active trader pro today. join us at projectluna.com >> the chaos in egypt escalating over the weekend and now nearly 900 dead people after four days of violence and among them 24 police officers executed by militants in execution style and more calls from lawmakers to cut off that 1.4 billion that the united states gives. and president obama not taking a stand either way and senator john mccain says the u.s. looks bad as a result. >> we have no credibility. we have influence, but when you don't use that influence then you do not have that influence, we could be cutting off the aid, the spare parts and m
that was an interesting comment. obama canceled his meeting with vladimir putin right after the appearance with the jay leno with tub long list of topics including average snowden being granted asylum. >> i was disappointed because even though we don't have the extradition treaty with them, traditionally we have tried to respect is there is a lawbreaker or alleged lawbreaker in their country we evaluate and try to work with them. they did not do that with us. and in some ways it is reflective of the underlying challenges we have had with russia lately. lori: des prez incumbents and a recent summit he had. >> you look at me with the nbc executive. what is going on? [laughter] that was a news making interview. >> i am not sure that was his place to do that. >> aol has agreed to buy a 405 million cash and stock it was bigger than the a will purchase of the huffington post. c02m armstrong says it will help to integrate advertising with video content. the deal will close in september. the week-long furlough has been announced with the technology group starting augus. they will receive one-third of pay while
of wages. it's a liberal group and joining the chorus of dissent for president obama's economic policies. the right is chiming in, too. t the cato institute says welfare may pay better than working. and three out of four high school grads don't have what it takes to go to college. we're looking at people who won't find a job or repay their loans. the dow may drop below it this morning. "varney & company" is about to begin. which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on hisortfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritrade. folks have suffered from frequent heartburn. but getting heartburn and then treating day after day is a thing of the past. block the acid with prilosec otc, and don't get heartburn in the first place. [ male announcer ] one pill each morning. 24 hours. zero heartburn. >> good wednesday morning, everyone. eye opening comments on the ec
investigation. president obama the next a desert of the acting commissioner and replace simmons as we will get to the bottom of it. now we find out they told us then, remember, it was over in may of 2012, completely done. we still have letters may 6th of 2013, just a few months ago. neil: have any of your clients -- i'm sorry, jordan. were you getting news for many of those that you represent that this was continuing? >> we knew that. starting in 2012, about march we started representing most of these groups. some are new with the new lawsuit, but most we have been representing cents over a year or close to a year-and-a-half. these groups were still waiting. we have a group, the albuquerque party. this group has been waiting over 1300 days. they applied december of 2009, and we are finding a from the irs it you were to apply today he would face the same kind of problems. what does it mean? they cannot solve correct. the irs does not what to do with these groups. we rejected that offer to get self approval that they try to offer the groups that were suing them, the ones we represent. and this i
on now to major news, president obama making a statement moment ace go on egypt. he said the u.s. will cancel joint military exercises with egypt. to help us understand this, john harwood joins us live now from washington with more. john? >> kelly, it was a minimalist response by the president. you had some people including former advisers of his own saying that the united states should suspend or cut off military aid to the egyptian government. the president did not do that. he said that they were going to cancel those bright star military exercises scheduled for next month and continue to consult with his national security team on other steps. what he was trying to do was signal united states concern but not do anything to significantly weaken the relationship between the united states and the egyptian military. there will be more pressure if the violence continues. for now, this is all the president is doing. >> it's a dangerous position, though, john, that they find themselves in. on the one hand condemning the violence but on the other refusing to support the regime. i it'
, and that is what some would like. how do you feel about that? are you in support of obama's request to congress to move the national minimum wage or the federal minimum wage from $7.25 to $9? >> well, the most important thing we can do right now is to create all jobs and that helphe everybody. we want to create jobs and we have been in that since the recession starting to recover and we are partnering with wa walmart, and dozens of ceos and governors and so creating jobs is critical, but the question is what is the right way to do it? is the right way to do it by choosing between hiring fewer people at higher wages or greater number of peoples at competitive wages that the marketplace will support, and that is really the conversation that we need to have. what's in the best interest of the local communities and workers and we take the view that it is better to be encouraging business growth and development by reducing and eliminating the regulations, and not layering the regulation on the employers and create jobs in all sectors the get the economy move f moving forward again. >> so do you supp
president obama will sign the bill to cut student loan interest rates to lower the rate on government loans to 33.8-- 3.86% rate. the new rate is retroactive and applies to loans made after july 1st. adam: a city's plan to bring relief is called unconstitutional. richmond, california was planning to seize homes with underwater mortgages using the power of imminent domain, but the group says now, not so fast. wells fargo and deutsche bank are suing the city of richmond saying the map is illegal because that investment group will receive, quote, wind fall profits while the city only gets a small cut. richmond just started the early stages of the process, but several other cities are considering the same kind of deal. lori: farm equipment bidders trying to get the deals at the farm auction. jeff has more from the farm. >> no deals, lori. this has been an incredible auction. used to be auction were a sad affair where a farmer was, you know, getting a pit of what they were worth. that combine sold for more than, actually, than what the farmer paid for it. over to the auctioneer quick if i can. t
-estate, zillow moves o a new high. a 52 week high. president obama teaming up to confirm the hosting of a question and answer session with president obama. we will be moderated by the ceo of zillow. you will be able to write in questions so you can participate in this one. they can be submitted via video and the facebook and twitter page. reporting numbers tomorrow. ashley: lots of interesting zillow. thank you so much. tracy: we are mad because there undervaluing our homes. exactly. all right. more bad news for air travelers. misconduct by tsa employees. they dumped 26% between 2010 and 2012. how concerned should you be? here with the details. ashley: misconduct. >> let me tell you. there are all kinds, everything from stealing to not showing up for work because we don't need people at the airports to do their jobs. lots of problems. a number of complaints, jumping from 2600 in 2010 to 30400 in 2012. a big increase. i say if you are relying on people to give you one your flight -- ashley: all it takes is one to be asleep. >> sleeping is one of the big issues. sleeping on the job is
. neil: out the help of barack obama over the top. right now they're looking a mark on. the boys used double miles from their capital one ventureard to fly home for the big family reunion. you must be garth's father? hello. mother. mother! traveling is easy with the venture card because you can fly any airline anytime. two words. double miles! this guy can act. wanna play dodge rock? oh, you guys! and with double miles you can actuay use, you never miss the fun. beard growing contest and go! ♪ win! what's in your wallet? win! and you wouldn't have it any other way.e. but your erectildysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest
some numbers with it? >> that was like the perfect storm. you had obama fighting for the debt ceiling. you have the beginning of the love trade in india and the middle east. all of that demand was just massive. emerging markets have been slowing their overall growth. if we go back to a store and a fight in congress and we have a strong pickup in gdp and emerging markets, you can see gold trade to that level. on a price adjusted basis, gold would be at $2300. it is still attractive. tracy: you are absolutely flooring everyone who bought gold. you are getting everybody excited. frank holmes, thank you for making this bullish case on gold. we will see what happens. ashley: oil closing down. today had a loss of 2%. the second straight day back group has closed lower. rich edson traveling along with lawmakers in california. he joins us now with more on his exclusive interview. rich: there are significant differences. republican saying we do not want any more tax revenue. democrats say they want up to a trillion dollars more. we asked them, are they on the same page? >> we are both working
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